Welcome to our weekly brief. Here you will find what is going on on the markets and what are expected events in week 04. It should help you with jumping back on track. Fundamentals and expected events: week 04 Cryptocurrencies: The price of Bitcoin was like on a roller coaster last week and erased almost
The potential of cryptocurrencies is huge, if we are looking at the growing potential of the ecosystem and decentralization, not just at the return on investment. Let’s take a look at why it’s a good idea to invest until mass adoption has taken place. The potential is huge Cryptocurrencies are based on technology called blockchain.
COVID-19 pandemic is still raging out there. It has caused many companies to close and many people to lose their jobs. It has shown us that our current system is broken. Let’s take a look at how the pandemic hit the largest banks hard. Everyone is losing money Everyone felt some kind of impact from
It is hard to decide the battle. One praises banknotes and fiat and the other one is praising cryptocurrencies and Bitcoin. Let’s take a look at the comparison between them and what type of currency has advantages. Properties of money Money serves two main purposes. It is a store of value and means of exchnage.
Although people do not see this development yet, fiat money will probably not survive the next generation and will be replaced by some form of digital currency. Let’s see if and how this scenario is possible. More and more people believe in digital currencies Recently, more and more people are inclined to claim that in
Digital currencies can be attractive for many people for the independence that they offer. That is true to some degree. Blockchain offers great opportunities that central banks cannot offer. But it is not that easy. Fiat – classic financial system Let’s start with fiat currency. Fiat operates under the supervision of central banks. The central
Bitcoin and other cryptocurrencies need to become more like PayPal now. Bitcoin generally laid the foundations for the future of money and finance. It has shown us how to avoid the grip of centralized finance. However, it encounters obstacles that may be insurmountable in some respects. So what does Bitcoin and other digital currencies need
Decentralized finance is so far thriving in cryptospace. DeFi is evolving in various ways, finding its supporters and opponents. Let’s see where DeFi came from and why some people perceive it as a bubble. DeFi vs. ICO DeFi was created in 2017. Due to the events of this year, people considered it to be another
A global blockchain survey by Deloitte told us that 83% of people believe that digital assets have a high chance to replace the classic fiat money within 10 years. In China, that number is even higher. No surprise there, seeing as China are already massively working to release digital currency. Blockchain is becoming more and
The gold industry has been shaken after it was discovered that 83 tons of fake gold bars have been used as collateral for loans worth 20 billion yuan from 14 financial institutions to a major gold jewelry manufacturer in Wuhan, China. This amount of gold “would be equivalent to 22% of China’s annual gold production
The internet started its life over 30 years ago, and since then, it has penetrated almost every aspect of our lives. Today, it underpins virtually everything we do. The next technology evolution that is likely to have a great impact on all our lives is blockchain. Skeptics keep asking the same questions over and over
Digital currencies could surpass bank accounts as low-interest rates (or negative interest rates) make them increasingly obsolete. That’s the view of Massimo Buonomo, the UN’s global blockchain expert, who added that digital currencies, particularly central bank digital currencies (CBDCs), could soon “eliminate the need for a bank account” altogether. Buonomo has been the UN’s resident